Wells Fargo raised the firm’s price target on Airbnb (ABNB) to $104 from $100 and keeps an Underweight rating on the shares. The firm notes the company reported softer Q1 nights and expectation for Q2 deceleration, with particular weakness in the U.S. Wells doesn’t see Experiences relaunch as the answer.
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Read More on ABNB:
- Airbnb price target lowered to $146 from $170 at BofA
- Airbnb’s Resilience and Strategic Moves Support Buy Rating Amid Macroeconomic Challenges
- Airbnb Faces Sell Rating Amid Weaker Growth and Revised Revenue Forecasts
- Cautious Outlook for Airbnb Amid Slowing Growth and Macroeconomic Uncertainty
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